Production Function and Product and Labor Market Imperfections in Slovenia
An Industry-Level Panel Approach
Bibliographic Data
| ID | 13022295 |
|---|---|
| Authors | Silvo Dajcman (0000-0002-9801-0922, University of Maribor, corresponding author) |
| Year | 2018 |
| Volume | 11 |
| Issue | 3 |
| Pages | 345-359 |
| Publication date | 2018-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economics & Sociology (JOURNAL) |
| Journal identifiers | ISSN: 2071-789X • E-ISSN: 2306-3459 |
| Publisher | Centre of Sociological Research, NGO (PUBLISHER) |
| DOI | 10.14254/2071-789x.2018/11-3/21 |
| OpenAlex | W2895969391 |
| Language | EN |
| References cited | 2 |
Following recent advances in the panel time-series data analysis, this paper estimates the aggregate production function for Slovenia using industry-level data, thus allowing for variable non-stationarity, cross-industry heterogeneity and dependence. The production function parameter estimates are then used to calculate the joint (product and labor) market imperfections parameter developed by The results illustrate that: 1) a constant return-to-scale assumption can be imposed on the aggregate production function, 2) industry-level output elasticities with respect to inputs are heterogenous, 3) the joint market imperfections parameter indicates that, on average, Slovenias producers output markets can be characterized as imperfect, and 4) the labor markets features the efficient-bargaining labor model characteristics
Aggregate (composite · Constant (computer programming · Econometrics · Economics · Function (biology · Imperfect · Joint (building · Microeconomics · Panel data · Product (mathematics · Product market · Production (economics · Production function · Returns to scale · Computer Science · Economic Growth and Productivity · Energy, Environment, Economic Growth · Engineering · Fiscal Policy and Economic Growth · Mathematics
| Highly cited | No |
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